Trump Assassination Attempt Fuels 'Trump Trade' Surge in Global Markets
Published: Monday, 15 July 2024 10:45 | 
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Following the attempted assassination of Donald Trump, global financial markets have shown a significant shift towards the "Trump trade" - a series of investment strategies based on the anticipation of Trump's potential return to the White House. These trades, which had already been gaining traction due to Biden's recent debate performance, intensified as Trump's resilience in the face of the attack galvanized supporters. The market reaction includes a steepening yield curve in Treasuries, a strengthening dollar, a weakening Mexican peso, and a surge in Bitcoin. Investors are positioning for potential tax cuts, higher tariffs, and looser regulations under a Trump presidency. However, with four months until the election and concerns about political instability, the situation remains fluid and subject to change.
Markets Navigate Trump Shooting Fallout: Dollar Stable, Bitcoin Jumps
Published: Monday, 15 July 2024 09:48 | |
| The dollar remained steady on Monday as markets grappled with the potential implications of the attempted assassination of former U.S. President Donald Trump on his 2024 election chances and subsequent market impacts. While initial reactions narrowed the odds of a Trump victory, traditionally seen as dollar-positive due to expectations of looser fiscal policy and increased trade tariffs, the currency's gains were short-lived. Investors are balancing this political development against the Federal Reserve's monetary policy outlook, with markets now fully pricing in a September rate cut following recent inflation data. Cryptocurrencies saw significant gains, with Bitcoin and Ether both rising. The complex interplay between potential political shifts, monetary policy expectations, and global economic factors is creating a nuanced environment for currency and crypto markets.
Balancing Act: Oil Market Weighs China Concerns Against OPEC+ Cuts and Geopolitical Risks
Published: Monday, 15 July 2024 09:32 | |
| Oil prices remained relatively stable on Monday as conflicting factors influenced the market. Concerns about demand in China, the world's largest oil importer, exerted downward pressure following slower economic growth and reduced crude imports. However, this was offset by strong demand elsewhere, OPEC+ supply restraints, and ongoing geopolitical tensions in the Middle East. The market also reacted to the attempted assassination of former U.S. President Donald Trump and fluctuations in the U.S. dollar. Despite these various influences, oil prices saw only minor changes, with Brent crude and WTI experiencing slight declines. Analysts note that while Chinese data is not supportive, demand growth in other regions remains healthy, and geopolitical factors continue to provide a premium for oil prices.
Investors Flock to Safe Havens After Trump Assassination Attempt
Published: Sunday, 14 July 2024 01:14 | |
| After an assassination attempt on former President Donald Trump at a rally, investors are turning to traditional safe-haven assets such as the US dollar, Japanese yen, Swiss franc, and gold. Bitcoin has also surged past $60,000. The attack is expected to increase market volatility and boost Trump's chances in the 2024 presidential election, especially given President Biden's poor performance in a recent debate. This could lead to a rise in "Trump trades," favoring assets like energy firms, private prisons, and credit card companies. Analysts predict an initial spike in the US dollar and bond yields, while tech and renewable energy stocks might suffer. Markets are on high alert for potential copycat attacks, and experts advise caution in reaction to immediate market movements.